- Bitcoin and crypto miners are allowed to resume their operations.
- In May Iran’s government banned BTC and crypto mining.
- Only authorized miners will allowed to resume operations.
Iran government announced, authorized Bitcoin and crypto miners, allowed to resume their operation in Iran from the last week of September
Accordingly, in May Iran’s government banned Bitcoin (BTC) and crypto mining operations. Meanwhile, the decision reportedly made to prevent miners from overburdening the grid during the hot summer months.
More so, according to the latest reports, bitcoin has been majorly at fault for the country’s recent energy miseries. This also might be the reason why Iran paused electricity exports to neighboring Afghanistan.
Hence more, the unauthorized crypto mining operations are reportedly the reason for the significant strain on the electricity supply. So, only authorized miners will allowed to resume operations once the moratorium lifts in September.
According to Iran’s Financial Tribune report, the country’s power generation organization made the decision known earlier in August.
In fact, in June, the country’s trade ministry issued 30 crypto mining licenses as authorities in Iran continue to push for operated cryptocurrency mining operations. Also, Tehran police seized more than 7,000 rigs from illegal mining operations across the city.
Furthermore, in 2020 Iran started authorizing Bitcoin mining. And the country has provided 1,000 crypto licenses. Now, the Iran government expects Bitcoin and crypto mining to play a major role in the country’s economy.
Although, Iran’s crypto acceptance policy might also set for a significant increase in scope with the country’s tax agency recently summons for a legal framework for crypto trading activities.
